v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2026
May 31, 2025
Current assets:    
Cash and cash equivalents $ 84.6 $ 38.0
Restricted cash 0.0 54.9
Receivables, less allowances of $1.1 and $3.8, respectively 496.2 438.7
Inventories:    
Raw materials 168.5 179.4
Work in process 145.9 165.6
Finished products 101.3 77.0
Total inventories 415.7 422.0
Income taxes receivable 14.3 0.1
Assets held for sale 9.1 11.5
Prepaid expenses and other current assets 110.0 83.3
Total current assets 1,129.9 1,048.5
Investment in unconsolidated affiliate 123.4 126.6
Operating lease right-of-use assets 77.8 72.6
Finance lease right-of-use assets, net of accumulated amortization of $4.4 and $, respectively 7.5 0.0
Goodwill 44.5 79.6
Other intangible assets, net of accumulated amortization of $65.9 and $50.3, respectively 77.3 67.9
Deferred income taxes 12.7 11.4
Equity securities 122.2 0.0
Other assets 7.8 7.0
Property, plant and equipment:    
Land 57.2 38.6
Buildings and improvements 272.5 190.4
Machinery and equipment 1,065.0 942.6
Construction in progress 105.9 132.7
Total property, plant and equipment 1,500.6 1,304.3
Less: accumulated depreciation 851.3 756.1
Total property, plant and equipment, net 649.3 548.2
Total assets 2,252.4 1,961.8
Current liabilities:    
Accounts payable 424.0 402.5
Short-term borrowings 185.4 149.2
Accrued compensation, contributions to employee benefit plans and related taxes 60.0 43.0
Dividends payable 9.2 9.3
Other accrued items 56.2 15.3
Current operating lease liabilities 10.4 7.7
Current finance lease liabilities 2.9 0.0
Income taxes payable 0.7 4.5
Current maturities of long-term debt 27.0 0.0
Total current liabilities 775.8 631.5
Other liabilities 51.5 32.8
Long-term debt 44.4 2.3
Noncurrent operating lease liabilities 78.7 68.7
Noncurrent finance lease liabilities 5.5 0.0
Deferred income taxes 33.6 28.6
Total liabilities 989.5 763.9
Mezzanine equity    
Redeemable noncontrolling interest (Redeemable NCI) 65.3 0.0
Total mezzanine equity 65.3 0.0
Shareholders' equity - controlling interest:    
Preferred shares, without par value; authorized - 1,000,000 shares; no shares issued or outstanding
Common shares, without par value; authorized -150,000,000 shares; issued and outstanding 49,920,298 shares and 49,548,895 shares, respectively
Additional Paid-in Capital (APIC) 919.4 913.9
Retained earnings 140.0 164.2
Accumulated other comprehensive income (loss), net of taxes of $(2.3) and $(2.0), respectively 3.9 (4.0)
Total shareholders' equity - controlling interest 1,063.3 1,074.1
Noncontrolling interests (NCI) 134.3 123.8
Total equity 1,197.6 1,197.9
Total liabilities, mezzanine equity and equity $ 2,252.4 $ 1,961.8